Keep up to date with the latest news from Inspired Corporate Advisory.
Last week, the UK Government published draft legislation outlining the changes planned for R&D tax relief. To find out more about these changes and when they will come into effect, please watch the video below. For more information, visit our R&D webpage or contact us today at email@example.com
To mark two years of Inspired, we sat down with Eugene O’Neill, Managing Director at Inspired to find out more about the company’s journey to date and its ambitions to grow. What motivated you to set up your own company? “It all happened quite quickly. At the start of Covid, I started working from home. […]
Launched in 2021 in partnership with Ulster University Business School, the Inspired Scholarship scheme offers students the opportunity to gain hands-on experience while pursuing their academic studies. Caitlin McStay, an MSc International Accounting with Data Analytics student was the first recipient of the scholarship and details her experience under the scheme balancing her studies while […]
Inspired Corporate Advisory is pleased to announce the appointment of Michael Heinicke as Director. The appointment reflects the significant and continued growth experienced by Inspired Corporate Advisory over the past twelve months. Prior to joining Inspired Corporate Advisory, Michael spent 18 years in PwC across Manchester and Belfast and was most recently a Tax Director […]
In recent weeks HMRC has published details of changes to the UK R&D tax relief schemes. These changes come on the back of the public consultation carried out earlier in 2021 and are anticipated to come into effect in April 2023 once legislation has been drafted and published. To reflect on the announcements made, we’ve […]
On 27 October 2021, the Chancellor unveiled a reasonably quiet budget for UK Tax Incentives, compared to some of the significant changes that were announced in March of this year. However, there have been a couple of noteworthy announcements that will have an impact on UK Tax Incentives: Capital Allowances The Annual Investment Allowance of […]
The latest statistics show the average Patent Box claim is worth 10 times the average R&D claim. So, why are only 1.6% of R&D claimants filing Patent Box claims? HMRC’s latest Patent Box statistics show projected claims of 1,370 for the tax year to March 2020. This contrasts to R&D claims for the same period […]
HMRC recently published Research and Development (R&D) tax credit statistics in relation to the year ending March 2020. The latest statistics show total claims of 85,900 (an increase of 16% on the prior year) and a total value of support of £7.4bn (an increase of 19%). However, whilst this appears encouraging for R&D claimants it […]
Many companies do not pursue R&D tax relief claims as they are under the impression that the government grants, they have received, prevent them from doing so.
One of the common misconceptions seen across all industries is the idea that R&D tax relief can only be claimed where a project has completed or where an end result was achieved successfully.
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